Latest news with #CitiAustralia
National Business Review
5 days ago
- Business
- National Business Review
Citi makes new appointment for Australia and NZ
US-based investment banking group Citi has appointed John McLean as head of equity capital markets and global asset managers for Australia and New Zealand. McLean is currently head of global asset managers for Citi's financial sponsors business in Asia Pacific and will relocate from Singapore to Sydney for the role. In his current role, he is responsible for managing a regional team advising global alternative asset manager and sovereign wealth fund clients. Citi Australia chief executive Mark Woodruff said in a statement that McLean was the ideal person to lead the bank's growth plans, due to his experience in Asia and Australia. Meanwhile, McLean said he was excited to be returning to Australia. 'There is significant opportunity in both private capital markets and equity capital markets across Australia and New Zealand and I look forward to growing the team and delivering for our clients.' McLean's deal experience includes working on the Green Tea IPO in Hong Kong, the Hexaware IPO in India, the private sale of Dulwich College International, and the partial divestment of Temasek's Singapore Airlines stake. As well as his financial sponsors' expertise, McLean has over two decades of experience in equity capital markets. This is supplied content and not commissioned or paid for by NBR.
Finextra
20-05-2025
- Business
- Finextra
Citi connects with PayTo for A2A payments in Australia
Citi announced today that it is live with PayTo initiator, enabling its clients to access a faster, cost effective, and more secure alternative to credit cards, debit cards or direct debits. 0 Through PayTo, Citi's institutional clients can initiate account-to-account pull payments. This means clients' customers can pay directly from their bank account, in real-time, enabling a transparent and instant process for clients. PayTo offers Citi clients seamless reconciliation and fee reduction benefits as it reduces reliance on card fees and decreases the likelihood of chargebacks. PayTo can be used for everyday transactions such as in-app payments or e-commerce payments, outsourced payroll, utility bills, flight bookings, subscriptions and digital wallet top-ups. 'Our clients want smarter payments solutions, and PayTo is a cost effective, transparent and secure solution. Through PayTo, we're truly giving our clients access to the future of payments. We anticipate strong take-up of this offer as clients welcome the benefits for themselves and their end customer,' said Kirstin Renner, Citi Australia and New Zealand Head of Treasury and Trade Solutions, Services. 'As we progress toward an increasingly 24/7, digital-led economy, we are focused on delivering innovations for our clients that will keep them at the forefront of technological change in payments.' This offering is the latest in a suite of innovative solutions offered by Citi's Services business, including Spring by Citi, an end-to-end digital payments service enabling e-commerce and B2B funds flow globally and Real-Time Funding for cross-border transactions for corporate clients. Services serves 19,000 clients, including 85% of the Fortune 500. It generates over half of Citi's deposits and processes close to $5 trillion every day.
